Deere Balance Sheet Health
Financial Health criteria checks 4/6
Deere has a total shareholder equity of $23.1B and total debt of $65.9B, which brings its debt-to-equity ratio to 284.5%. Its total assets and total liabilities are $107.8B and $84.7B respectively. Deere's EBIT is $13.2B making its interest coverage ratio 5.3. It has cash and short-term investments of $5.5B.
Key information
284.5%
Debt to equity ratio
US$65.86b
Debt
| Interest coverage ratio | 5.3x |
| Cash | US$5.54b |
| Equity | US$23.15b |
| Total liabilities | US$84.69b |
| Total assets | US$107.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DE's short term assets ($80.7B) exceed its short term liabilities ($39.4B).
Long Term Liabilities: DE's short term assets ($80.7B) exceed its long term liabilities ($45.3B).
Debt to Equity History and Analysis
Debt Level: DE's net debt to equity ratio (260.6%) is considered high.
Reducing Debt: DE's debt to equity ratio has reduced from 370.7% to 284.5% over the past 5 years.
Debt Coverage: DE's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: DE's interest payments on its debt are well covered by EBIT (5.3x coverage).